Deutsche Bank AG reduced its holdings in Tilly’s Inc (NYSE:TLYS) by 69.6% in the fourth quarter, HoldingsChannel reports. The firm owned 27,384 shares of the specialty retailer’s stock after selling 62,646 shares during the period. Deutsche Bank AG’s holdings in Tilly’s were worth $296,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc increased its holdings in shares of Tilly’s by 46.4% during the fourth quarter. Legal & General Group Plc now owns 3,169 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 1,004 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Tilly’s by 23.4% during the fourth quarter. Citigroup Inc. now owns 4,905 shares of the specialty retailer’s stock valued at $53,000 after acquiring an additional 929 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Tilly’s by 403.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 5,728 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 4,591 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of Tilly’s during the fourth quarter valued at approximately $73,000. Finally, American International Group Inc. boosted its position in shares of Tilly’s by 40.5% during the fourth quarter. American International Group Inc. now owns 13,507 shares of the specialty retailer’s stock valued at $147,000 after buying an additional 3,895 shares during the last quarter. Institutional investors and hedge funds own 69.49% of the company’s stock.
Shares of NYSE:TLYS opened at $10.51 on Monday. The company has a market cap of $310.08 million, a P/E ratio of 13.14, a P/E/G ratio of 1.16 and a beta of 0.37. Tilly’s Inc has a 12-month low of $10.19 and a 12-month high of $25.46.
Tilly’s (NYSE:TLYS) last announced its earnings results on Thursday, March 14th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $170.60 million for the quarter, compared to analysts’ expectations of $169.01 million. Tilly’s had a return on equity of 14.59% and a net margin of 4.35%. Tilly’s’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. As a group, research analysts forecast that Tilly’s Inc will post 0.85 EPS for the current year.
In other Tilly’s news, CFO Michael Henry acquired 4,705 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were acquired at an average price of $11.08 per share, with a total value of $52,131.40. Following the completion of the transaction, the chief financial officer now owns 21,495 shares in the company, valued at $238,164.60. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jon Kubo sold 12,500 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $11.55, for a total value of $144,375.00. Following the completion of the transaction, the insider now directly owns 12,500 shares in the company, valued at approximately $144,375. The disclosure for this sale can be found here. 48.26% of the stock is owned by insiders.
Several research analysts recently issued reports on TLYS shares. Zacks Investment Research raised Tilly’s from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday, May 16th. ValuEngine raised Tilly’s from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Pivotal Research reaffirmed a “buy” rating and set a $14.00 target price on shares of Tilly’s in a research report on Monday, March 11th. Finally, B. Riley set a $18.00 target price on Tilly’s and gave the company a “buy” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.80.
Tilly's, Inc retails casual apparel, footwear, and accessories for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hats, sunglasses, headphones, handbags, watches, jewelry, and others.
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